Property Details
527 FRONT Street, Trenton, Ontario, K8V4R4
Sales Representative
RE/MAX Quinte Ltd. Brokerage - Tweed
Cell: 613-921-5111
Tel: 613-478-9907
$600,000 - For sale
Great condition, purpose-built FOURPLEX in Trenton. Fully occupied with mostly long-tern tenants that actually care for the property. Good revenue-generating property produces over $39,000 of gross rental income & hydro, water/sewer are metered separately. Landlord pays gas as property has one centralized natural gas furnace but 4 separate hydro & water meters. CAP RATE of over 5%. There are four units in total, 2 on main/upper level & 2 on lower. All units have their own entrances AND emergency exit doors. Each unit also has their own patio areas as well as a large, fenced yard. Unit 1 pays $650/mth +hydro & water/sewer. Tenant has been there for approx. 11yrs. 1 bd, 1bath unit in excellent condition including: hdwd flooring, dark cabinets & tile in kitchen. Unit 2 is also in great condition & tenant has been there since Sept. 2021. Tenant pays $875/month +hydro & water/sewer. Includes: fridge, stove, hdwd flooring & has 1 bd, 1 bath. Unit 3 is a lower lvl unit with 1 bd, 1 bath. Tenant has been there 4.5yrs & pays $650/mth +hydro, water/sewer. Unit has tile in living rm & kitchen. Unit 4 has just recently been renovated with brand new vinyl flooring, new bath & updated kitchen. Tenant pays $1100/mth +hydro, water/sewer & has 1 yr lease commencing Nov 1, 2022. Includes fridge & stove. Great income producing property with the benefit of excellent tenants. Income statement available upon request as well as actual expense bills available including: taxes, insurance, HWT rental & gas expenses. 24hrs minimum notice for all showings. (id:2471)
Location DescriptionFRONT STREET TO NICHOLAS STREET TO FRONT STREET
- Property Address:527 FRONT Street, Trenton, Ontario, K8V4R4
- Property Type:Multi-family
- Title:Freehold
- Lot Size:0.158
- Acreage:0.158 ac|under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Road access
- Parking Space Total:4
- Structure Style:Fourplex
- Bedrooms:4
- Bathrooms:4
- Floor Space:2500
- Heating Type:Natural gas, Forced air
- Style:Detached
- Storeys:1
- Basement Type:Full (Finished)
- Cooling Type:None
- Rental Equipment:Water Heater
- Exterior Type:Stucco, Vinyl siding
- Amenities Nearby:Airport, Golf Nearby, Hospital, Park, Playground, Schools, Shopping
Sales Representative
RE/MAX Quinte Ltd. Brokerage - Tweed
Cell: 613-921-5111
Tel: 613-478-9907
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- Map 527 FRONT Street, Trenton, Ontario, K8V4R4
- Neighbourhood Information
527 FRONT Street, Trenton, Ontario, K8V4R4
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